Forecast: Number of ATMs in Mexico

In 2023, the number of ATMs in Mexico stood at 59.4 thousand units. From 2013 to 2023, the number of ATMs experienced a steady increase, averaging an annual growth rate (CAGR) of 2.38% over the last five years. The year-on-year growth rate has consistently been positive, though it has slowed in recent years, with the rate in 2022 and 2023 being 2.35% and 2.25%, respectively.

Future projections indicate that by 2028, the number of ATMs is expected to reach 65.57 thousand units. The forecasted five-year CAGR is estimated to be at 1.56%, reflecting a more gradual rate of expansion in the coming years, with an overall growth rate of 8.04%.

Future trends to watch for include the impact of digital banking services reducing the dependency on physical ATMs, advancements in financial technology influencing consumer behavior, and regulatory changes potentially affecting the ATM infrastructure landscape. Observing these factors will be essential for understanding the future dynamics of ATM usage in Mexico.